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dan kerman is here to explain. >> when the economy outwith the economy in the dolldrums three years ago, congress created the payroll tax holiday, which cut the payroll tax from 6.2% to 4.2%.for 2011 and 2012. meaning more money in your paycheck to spend to help get the economy going. well that so called holiday expired at the end of last year. meaning your payroll tax goes back up 2% meaning less take home pay. here's what it means. households making between 40 and 50 thousand dollars will see 579 dollars less this year. those making between 50 and 75 thousand dollars will see about 822 dollars less this year. those making between 75 and 100 thousand dollars will pay 1,206 more in tax, or 100-dollars a month the big question is, will this impact the economy? since consumers have less in their paycheck each week, even if it's 25$ a week, will they spend less? some forecasters say definitely. others say we've paid this rate for years and this 2-percent will have little impact over the long term. especially when you consider that middle class tax rates are not going up. >> pam: now th
is hurting the economy. the government has hit its borrowing limit and is expected to run out of ways to pay bills by early march. most people have never heard launchers and other weapons. former president bush is finally released from a hospital. right now, 40's through daly city. as for the current temperatures? quickly dropping into the 40's. 44 in daly city. a 49 in fremont. but we are in for a nother round of the 30's and '40's again tonight. from the san mateo bridge we are seeing clear skies. the cold air mass with the combination of these things and a light went with cold temperatures and yet again the. taking a look at futurecast. widespread 30's. take a look a your screen. already 20's and 30's for the north bay. temperatures will start to warm up of but very slowly. still dealing with a 30 degree readings. temperatures in your neighborhood, coming up. >> most people have never heard of that. next at 5. more tonight at 5-30. >> most people have never heard of it. but in the past few days, the african nation of mali has emerged as a new battleground in the war on terror. kron four's
the economy. on wall street. the dow soared 84-points to close just shy of 13- thousand-600. the nasdaq jumped up 18- points. and the s-and-p-500 gained eight points. to close at another five-year high. chav >> jacqueline: we did see some temperatures in the 50s and 60s. this unseasonably warm weather will continue for the weekend. temperatures are still chilly in some areas. 30's with upper 30's as we go towards the weekend. low 40's. for the afternoon highs, plenty of 60s. through the weekend and as we see this area of high pressure. it is well to the north. no rain for several days. this will stay intact for wednesday of next week. we will enjoy mild temperatures and still some areas that are chilly. santa rosa, in napa. 28 in fairfield. we could see freezing fog again. temperatures are going to certainly reflect that with concord, pleasanton. freezing, below freezing. take a look at the bay shores. nearly 40's. and for the south bay. 434 san francisco tomorrow morning. it will be warming up tomorrow, 43-4 san francisco. and campbell. san jose, for the inland valleys it will be mainly in th
Search Results 0 to 2 of about 3

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